Analyst, Underwriting

Munich Re Careers•Toronto, ON

5d•CA$55,000 - CA$71,000•Hybrid

About The Position

We are seeking an Underwriting Analyst who enjoys building relationships and working collaboratively in a team environment with internal, external, and global stakeholders. The ideal candidate possesses strong analytical and investigative competencies, excellent communication skills, and business acumen, utilizing exceptional interpersonal and influencing skills across all levels of the organization. This role is crucial for the efficient operation of MR F&C in Canada, involving a variety of technical, administrative, and accounting duties.

Requirements

Post-secondary education.
Strong MS Office skills, particularly working with large data sets in Excel.
College/university degree with emphasis in insurance, business, or accounting preferred.
Excellent interpersonal, communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.
Exceptional computer skills including Microsoft Office, particularly a strong Excel skillset specifically working with large data sets.
Exceptional analytical and investigative competencies.
High degree of drive, self-motivation, continuing development, and proven ability to work independently.
Ability to work on a small team, work collaboratively, and build strong relationships with colleagues.
High degree of flexibility and adaptability to changing environments with an ability to work independently and function well under pressure.
Demonstrated fluency in English.

Nice To Haves

Chartered Insurance Professional (CIP) designation or progression towards the designation.
Some insurance or finance experience.
Two years of prior insurance or finance experience.
Knowledge of and experience with relevant legislation and regulation.
Background featuring an emphasis on regulatory, re/insurance, corporate, or transactional experience.
Fluency in French (oral and written).
Working knowledge of the primary and/or reinsurance underwriting process and coverage.
Working knowledge of pricing models, insurance policies, and reinsurance contracts for property/casualty.

Responsibilities

Assist underwriters in preparing and organizing data for entry into single risk pricing tools for rating purposes.
Clear, review, and enter new business, endorsements, and renewals for underwriters within established standards, including setting up electronic folders, clearing mail/emails, and matching them to appropriate files.
Request information and follow up for any missing documentation.
Review system entries of underwriters and peers to ensure accuracy (four-eye principle) and bring discrepancies to the attention of the appropriate parties for correction.
Issue various insurance documents, including FAC certificates and insurance policies for underwriters to sign.
Generate status reports as required.
Prepare renewals and produce correspondence (emails) to clients.
Submit billing and payment information to accounting for client invoicing, reconcile billing and payment discrepancies to support the accounting unit, and file policy correspondence daily into the Electronic Filing System.
Analyze data sets for the purpose of evaluating new and existing business submissions.
Engage with MR F&C underwriters and the leadership team.
Suggest process improvements to drive efficiency for the underwriting group.
Provide coaching and training to peers as needed.
Participate in global or local projects as assigned.